Common use of No Interest in Land Clause in Contracts

No Interest in Land. ‌ (a) Project Co acknowledges and agrees that, subject to the provisions of the Construction Act, in accordance with the principles of the IPFP Framework, neither Project Co nor the Lenders shall acquire any estate, right, title or ownership interest in the Lands or the Expansion Infrastructure or any other interest in the Site pursuant to this Project Agreement, the Project Documents or otherwise and that, following the acquisition of any Additional Lands, it will have no estate, right, title or ownership interest in any Additional Lands. Notwithstanding any provision herein or in any of the Project Documents to the contrary, all fee simple interest in and freehold title to the Lands, or any part thereof, and the Project, shall at all times remain unencumbered by any interest of Project Co or the Lenders. Project Co and the Lenders shall have access to the Lands and the Expansion Infrastructure under and subject to the licences and access rights granted under this Section 16 and the Lenders’ Direct Agreement, respectively.

No Interest in Land. ‌ (a) Project Co acknowledges and agrees that, subject to the provisions of the Construction Act, in accordance with the principles of the IPFP Framework, neither none of Project Co, the Project Co nor Parties or the Lenders shall acquire any estate, right, title or ownership interest in the Lands Site or the Expansion Infrastructure Facility or any other interest in the Site Lands (including the Existing Facilities) pursuant to this Project Agreement, the Project Documents or otherwise and that, following the acquisition of any Additional Lands, it will have no estate, right, title or ownership interest in any Additional Landsotherwise. Notwithstanding any provision herein or in any of the Project Documents to the contrary, all fee simple interest interests in and freehold title to the LandsSite, or any part thereof, the Facility and all other portions of the Project, Lands shall at all times remain unencumbered by any interest of Project Co, the Project Co or Parties and the Lenders. Project Co, the Project Co Parties and the Lenders shall have access to the Lands Site (including the Existing Facilities) and the Expansion Infrastructure Facility under and subject to the licences licence and access rights granted under this Section 16 and the Lenders’ Direct Agreement, respectively.

No Interest in Land. ‌ (a) Project Co acknowledges and agrees that, subject to the provisions of the Construction Act, in accordance with the principles of the IPFP Framework, neither Project Co nor the Lenders shall acquire any estate, right, title or ownership interest in the Lands or the Expansion Infrastructure or any other interest in the Site pursuant to this Project Agreement, the Project Documents or otherwise and that, following the acquisition of any Additional Lands, it will have no estate, right, title or ownership interest in any Additional Lands. Notwithstanding any provision herein or in any of the Project Documents to the contrary, all fee simple interest in and freehold title to the Lands, or any part thereof, and the Project, shall at all times remain unencumbered by any interest of Project Co or the Lenders. Project Co and the Lenders shall have access to the Lands and the Expansion Infrastructure under and subject to the licences and access rights granted under this Section Article 16 and the Lenders’ Direct Agreement, respectively.